Post by
geodcan on Jan 26, 2021 3:16pm
rapid shareprice appreciation like
what we have experienced is going to generate profit takers but the huge pop-up is also indicative of the excitement being felt by investors. I'm not expecting 200 bagger returns but I can imagine 5 or 10 or even 20 baggers for exciting unique new product lines in the right hands. NU has a 10 year existence and was close to the point of no-return until the last couple of announcements that seems to prove that our management has been active.
I sense positivety and higher expectations in regards to some form of new laws and policies to promote American potpreneurs efforts and hopefully the Democrats can deliver some serious proposals to help streamline cannabinoid businesses and do it at a Federal level. It wouldn't take much effort to get decriminalization and banking and MORE all taken care of at once and doing so would be a major step forward for old school politics and excessive delays that seem to confound them.
Simplifying government and streamlining their efforts for rapid effect could be done with marijuana and hemp which is a no-brainer when you consider that Big Alcohol is legal, fraught with pitfalls and cannabinoids are proving themselves to be a lot safer.
NU shareholders could experience wild price fluctuations with positive news or lack thereof. Shareprice only goes down if there are sellers. glta and dyodd
Comment by
Edcando on Jan 26, 2021 4:17pm
True. It's why I prefer "stair step" trading to gap ups. Oh well. At least the news was fundamental in nature (real sales) of a multi million dollar order and not some pie in the sky hype release. We should do very well here this year and beyond.